2023
Flag  
GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH
20%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC 
$56,034CURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP PC GROWTH
11.4%CURRENT US$
Rnk 131 / 195

About

Austria-Bhutan Trade: In 2023, Austria exported $3.14M to Bhutan. The main products that Austria exported to Bhutan were Electrical Power Accessories ($947k), Other Heating Machinery ($604k), and Orthopedic Appliances ($217k). Over the past 5 years the exports of Austria to Bhutan have increased at an annualized rate of 30.7%, from $824k in 2018 to $3.14M in 2023.

In 2023, Austria did not export any services to Bhutan.

Bhutan-Austria Trade: In 2023, Bhutan exported $946k to Austria. The main products that Bhutan exported to Austria were Ferroalloys ($713k), Other Inedible Animal Products ($159k), and Other Small Iron Pipes ($20.2k). Over the past 5 years the exports of Bhutan to Austria have increased at an annualized rate of 77.4%,  from $53.9k in 2018 to $946k in 2023.

In 2023, Bhutan did not export any services to Austria.

Comparison In 2023,  Austria ranked 8 in the Economic Complexity Index (ECI 1.56),  and 31 in total exports ($204B). That same year, Bhutan ranked 170 in total exports ($456M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Austria exported $3.14M to Bhutan. The main products exported from Austria to Bhutan were Electrical Power Accessories ($947k), Other Heating Machinery ($604k), and Orthopedic Appliances ($217k). During the last 5 years the exports of Austria to Bhutan have increased at an annualized rate of 30.7%, from $824k in 2018 to $3.14M in 2023.

In 2018, Bhutan exported $946k to Austria. The main products exported from Bhutan to Austria were Ferroalloys ($713k), Other Inedible Animal Products ($159k), and Other Small Iron Pipes ($20.2k). During the last 5 years the exports of Bhutan to Austria have increased at an annualized rate of 77.4%, from $53.9k in 2023 to $946k in 2018.

Exports from Austria (Flag) to Bhutan (Flag) (2023)

Exports from Bhutan (Flag) to Austria (Flag) (2023)

Latest Data

Trade between Austria (Flag) and Bhutan (Flag)

Austria Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$51B
Bhutan
Top Destination
India$421M

This map shows whether countries import more from Austria or Bhutan. Each country is colored based on the difference in imports they receive from Austria and Bhutan or the difference in the growth in imports.

In 2023, countries that imported more from Austria than Bhutan included Germany ($51B), United States ($18.1B), and Italy ($13.5B).

In 2023, no countries were registered that imported more from Bhutan than from Austria.

Difference in imports from Bhutan (Flag) and Austria (Flag) (2023)

Comparative Advantage Austria - Bhutan

Flow
Scale

This chart compares trade between Austria and Bhutan by product, considering products traded by both, Austria and Bhutan.

During 2023, Austria had a large net trade with Bhutan in the exports of Machines ($2.7M), Instruments ($364k), and Chemical Products ($26.1k).

During 2018, Bhutan had a large net trade with Austria in the exports of Metals ($733k), Animal Products ($166k), and Foodstuffs ($16.6k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Austria and Bhutan. This means that a dot/product with the flag of Austria indicates it has a comparative advantage over Bhutan. Similarly, a dot/product with the flag of Bhutan indicates it has a comparative advantage over Austria.

Product Space of Austria (Flag) and Bhutan (Flag) (2023)

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